U.K. Materials Undervalued based on future growth

Mondi

Market Cap: UK£3.2b

Engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, and Australia.

Hochschild Mining

Market Cap: UK£3.0b

A precious metals company, engages in the exploration, mining, processing, and sale of gold and silver deposits.

Pan African Resources

Market Cap: UK£2.7b

Engages in the mining, extraction, production, and sale of gold in South Africa.

RHI Magnesita

Market Cap: UK£1.3b

Develops, produces, sells, installs, and maintains refractory products and systems used in industrial high-temperature processes worldwide.

Atalaya Mining Copper

Market Cap: UK£1.2b

Engages in the mineral exploration and development in Spain.

Marshalls

Market Cap: UK£330.0m

Manufactures and sells landscape, building, and roofing products in the United Kingdom and internationally.

Serabi Gold

Market Cap: UK£259.0m

Engages in the evaluation, exploration, and development of gold and other metals mining projects in Brazil.

Sylvania Platinum

Market Cap: UK£256.2m

Engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa.

Accsys Technologies

Market Cap: UK£166.9m

Engages in the production and sale of solid wood and wood elements in the United Kingdom, Ireland, rest of Europe, the Americas, and internationally.

Petropavlovsk

Market Cap: UK£47.5m

Petropavlovsk PLC operates as a gold mining company in the Far East of Russia.

Goldplat

Market Cap: UK£25.4m

Operates as a mining services company in South Africa and Ghana.